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    Melvin, MI Multifamily Properties for Sale

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    Yale, MI Lynn, MI Peck, MI
    Post Office Building with Two Apartments
    $244,900
    1,885 SF
    Post Office Building with Two Apartments

    1296 Main Street, Melvin, MI 48454

    Mixed-use income property with an active USPS lease and two leased 2-bedroom apartments in Melvin, Michigan.
    • Post office building with rentals in the heart of Melvin, including a USPS tenant and two residential 2‑bedroom apartments
    • USPS lower front unit is leased for $849.75 with a five‑year lease starting last Oct 1; USPS has been a tenant since 1930 (94 years continuous service)
    • Residential apartments: upper unit leased at $625 and lower unit leased at $700; both apartments are 2‑bedroom and on month‑to‑month contracts
    • Common washer‑dryer area, plus an attached garage for lawn implement storage and a storage shed in the spacious back yard overlooking farm fields
    • Major improvements reported by current owner: new roof (back apartment/garage), upgraded main electric panel, new well pump & piping, new double windows, new refrigerators/appliances, new 50‑gal water heater, new commercial‑grade flooring for post office
    Updated: May 6
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Melvin, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Duplex Rental with Fenced Lot
    $160,000
    2,208 SF
    Duplex Rental with Fenced Lot

    Two-unit duplex with in-unit kitchens and laundry, separate utility meters, and a partially fenced lot plus 2-car garage.

    1138 W Oregon Street, Lapeer, MI 48446

    View details
    Lapeer Duplex: Investment Opportunity
    $198,000
    1,621 SF
    Lapeer Duplex: Investment Opportunity

    Fully rented duplex in Lapeer, Michigan, great investment opportunity.

    220 W Park Street, Lapeer, MI 48446

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    Lake-Access Double Lot Retreat Land
    $38,000
    0.41 Acres
    Lake-Access Double Lot Retreat Land

    Two connected parcels with lake access to Shay Lake and existing off-grid cabin retreat amenities.

    Silverwood, MI 48760

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    Double Lot with Lake Access
    $39,500
    0.41 Acres
    Double Lot with Lake Access

    Two connected parcels perfect for recreation or short-term rental.

    4250 Midway Dr, Silverwood, MI 48760

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Expansive Land with Development Potential
    $6,900,000
    354.27 Acres
    Expansive Land with Development Potential

    350+ acres of prime land with two scenic lakes.

    VL N Fleming Road, Fowlerville, MI 48836

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    Improved Marina Condominium Lot
    Contact for pricing
    0.01 Acres
    Improved Marina Condominium Lot

    Includes a boat slip and improved trailer setup for low-maintenance seasonal recreation near Au Gres amenities.

    831 S Main Street, Au Gres, MI 48703

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    Sanford Vacant Land with Utilities
    Contact for pricing
    0.80 Acres
    Sanford Vacant Land with Utilities

    Two lots with water and electric hookups, lake access.

    978 timberlynn trail, Sanford, MI 48657

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    Residential Land in Riverdale
    Contact for pricing
    0.67 Acres
    Residential Land in Riverdale

    Vacant residential land suitable for building or mobile home placement.

    TBD N Lumberjack Road, Riverdale, MI 48877

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    Melvin, MI Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Melvin, MI on our real estate platform. These investment opportunities span a total of 1,885 square feet of properties for sale, with an estimated market value of $244,900.

    Sale prices for multifamily properties in Melvin, MI start at $244,900, averaging $244,900, and reaching up to $244,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Triplexes 1

    Demographics Overview

    Population 1,251
    Population Growth (5Y) +7.1%
    Median Household Income $62,300
    College Educated 17.3%

    High-Yield Neighborhoods for Investment

    Identify Melvin submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48454 $244.9K

    Taxes & Financing

    Tax Rate (average for all types) 3.23%
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Sanilac County

    New Delisted

    Total CRE Inventory on Market (SF)

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